With the COVID-19 crisis pushing people across the country into financial hardship, it’s natural that some nonprofits want to extend a helping hand to staff members. The good news is that the federal tax code provides a way to make tax-free direct payments to your employees who’re in need with disaster relief. What qualifies Section…Read More
Are your employees struggling to pay everyday items due to COVID-19? There is a way you can help them by providing tax-free payments for assistance and still take a deduction as an ordinary and necessary business expenses. On March 13, 2020, the president declared the COVID-19 pandemic a national emergency effective March 1, 2020. This…Read More
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